Examlex
Databases that carry their data in the form of tables and that represent relationships using foreign keys are called discrete databases.
Total Fixed Costs
Expenses that do not change with the level of production or sales over a certain time period, such as rent or salaries.
Variable Input
A factor of production, such as labor or raw materials, whose quantity can be changed easily by a business to adjust to the level of output.
Short Run
Short Run is a time period in economics during which at least one input is fixed while others are variable.
Fixed Input
A factor of production that cannot be easily increased or decreased in the short term, such as land or machinery.
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